Papa John’s International, Inc. (PZZA) to Release Quarterly Earnings on Monday
Papa John’s International, Inc. (NASDAQ:PZZA) is scheduled to be issuing its quarterly earnings data on Monday, October 30th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.
Papa John’s International (NASDAQ:PZZA) last released its earnings results on Tuesday, August 1st. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $434.78 million during the quarter, compared to analysts’ expectations of $438.51 million. Papa John’s International had a net margin of 6.13% and a return on equity of 919.82%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, analysts expect Papa John’s International to post $2.82 EPS for the current fiscal year and $3.19 EPS for the next fiscal year.
Shares of Papa John’s International, Inc. (PZZA) opened at 69.50 on Monday. The stock’s 50 day moving average is $71.95 and its 200-day moving average is $76.36. Papa John’s International, Inc. has a 1-year low of $68.68 and a 1-year high of $90.49. The stock has a market cap of $2.53 billion, a PE ratio of 24.21 and a beta of 0.50.
Papa John’s International declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 198% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other Papa John’s International news, SVP Timothy C. Ohern sold 9,218 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $75.08, for a total transaction of $692,087.44. Following the completion of the transaction, the senior vice president now directly owns 35,650 shares in the company, valued at approximately $2,676,602. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 27.70% of the company’s stock.
A number of equities analysts have recently issued reports on PZZA shares. Zacks Investment Research downgraded shares of Papa John’s International from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BTIG Research reiterated a “buy” rating and issued a $100.00 price target on shares of Papa John’s International in a report on Tuesday, August 29th. BidaskClub downgraded shares of Papa John’s International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. Stifel Nicolaus started coverage on shares of Papa John’s International in a report on Monday, October 2nd. They issued a “hold” rating and a $65.00 price target for the company. Finally, Instinet reiterated a “neutral” rating and issued a $78.00 price target (down previously from $84.00) on shares of Papa John’s International in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $84.75.
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About Papa John’s International
Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.
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